India to log double-digit growth this fiscal: CEA K V Subramanian

India to log double-digit growth this fiscal: CEA K V Subramanian

Chief Economic Adviser (CEA) K V Subramanian on Tuesday exuded confidence that India would achieve double-digit growth in the current financial year on the back of policy initiatives and continuing reforms. He also said the country is well poised to meet the fiscal deficit target of 6.8 per cent of GDP. “At this stage, I … Read more

Countercyclical fiscal policy is the need of the hour: K V Subramanian

Countercyclical fiscal policy is the need of the hour: K V Subramanian

One can never rule out downside risks completely, but in terms of just putting weight one can say that the upside potential is greater, says Chief Economic Adviser K V Subramanian. Edited excerpts: Let me first begin by asking you about your 11% growth projections. Of course it is in line with the IMF’s estimate … Read more